Global Climate Pact Wins Approval

Posted on Feb 15, 2007

A British-led group of legislators from around the world has agreed to a nonbinding declaration meant to lay the groundwork for a Kyoto Protocol replacement. While the statement will have no enforceability, organizers hope the agreement will spur momentum after U.N. talks stalled in November.

BBC:

Delegates agreed that developing countries will have to face targets for cutting greenhouse gas emissions as well as rich countries.

The informal meeting also agreed that a global market should be formed to cap and trade carbon dioxide emissions.

The non-binding declaration is seen as vital in influencing a replacement for the Kyoto Protocol, correspondents say.

The forum’s closing statement said man-made climate change was now “beyond doubt”.

“Climate change is a global issue and there is an obligation on us all to take action, in line with our capabilities and historic responsibilities,” said the statement from the Global Legislators Organisation for a Balanced Environment (Globe).